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BABA

BIDU

FXI

JD

Alibaba Group Holding Ltd (BABA) is undergoing a strategic shift under its new CEO, Eddie Wu, focusing on an AI-first approach and user experience. The company faces competition from ByteDance Ltd in social media and Baidu Inc (BIDU) in AI. Alibaba plans to prioritize AI-driven tech businesses, internet platforms, and its global commerce network. The company is also recovering from a tech crackdown imposed by Beijing and the departure of former CEO Daniel Zhang. Alibaba's shares traded lower by 0.56% at $88.21 premarket on Tuesday.

Portfolio Pulse from Anusuya Lahiri

September 12, 2023 | 10:47 am

DOGEUSD

TWTR

Elon Musk's new biography reveals his skepticism about using blockchain technology for Twitter, despite his interest in cryptocurrencies like Dogecoin. The book also discusses Sam Bankman-Fried, former CEO of FTX, and his enthusiasm for incorporating blockchain into Twitter. Musk's primary banker at Morgan Stanley, Michael Grimes, tried to facilitate a meeting between Musk and Bankman-Fried, who was willing to contribute $5 billion to the potential acquisition of Twitter.

Portfolio Pulse from Mehab Qureshi

September 12, 2023 | 9:39 am

BA

Boeing Co's CEO, David Calhoun, has not returned to a traditional office setting, instead working from his two homes. This comes as other corporate leaders are urging employees to return to the office. Boeing's CFO, Brian West, also works from home. Despite Boeing's stock losing over 35% since Calhoun became CEO, the company managed to generate free cash flow last year and has targeted a free cash flow of $3-$5 billion this year.

Portfolio Pulse from Ramakrishnan M

September 12, 2023 | 7:27 am

HPE

HPE Aruba Networking has enhanced its portfolio to better serve small and medium-sized businesses (SMBs) in their growing network and security demands. The move is aimed at empowering SMBs to meet the challenges of the digital era.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 6:29 am

SANG

Sangoma Technologies has appointed Jeremy Wubs as its first Chief Operating Officer (COO), effective immediately. This follows the recent appointment of a new CEO, Mr. Salameh, who assumed his role on September 1st.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 9:06 pm

SGHT

Sight Sciences, Inc. (NASDAQ:SGHT) shares traded lower after the company issued Q3 total revenue guidance below estimates and cut full-year 2023 revenue guidance below estimates. The company also announced the appointment of Matthew Link as its new CEO.

Portfolio Pulse from Ryan Gustafson

September 11, 2023 | 8:41 pm

GERN

Geron Corporation has announced the appointment of Michelle Robertson as Executive Vice President, Chief Financial Officer and Treasurer. She will replace the retiring CFO, Olivia Bloom.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 8:31 pm

ALGOUSD

CELUSD

Bankrupt cryptocurrency lending company, Celsius, is likely to appoint former Algorand CEO Steve Kokinos to its successor company. The new company, currently named 'NewCo', will be registered under a Delaware corporation. Its board of directors includes executives from WeWork, Credit Suisse and UBS. Celsius filed for bankruptcy protection as it owed billions to investors during the crypto downturn. Celsius creditors are in favor of Fahrenheit’s proposed takeover, which could allow investors to recover some of their lost funds.

Portfolio Pulse from Khyathi Dalal

September 11, 2023 | 8:28 pm

CENN

Cenntro Electric Group Limited has announced its plans to re-domicile to the United States. The company entered into a Scheme Implementation Agreement on September 8, which is subject to court approval in Australia.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 8:02 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) has apologized for a 'Never Forget' parlay promotion that was featured on its app on the night of 9/11. The promotion included bets on the New York Mets, the New York Yankees, and the New York Jets to win their respective games. The promotion was taken down after it was criticized on social media platforms.

Portfolio Pulse from Aaron Bry

September 11, 2023 | 7:14 pm